Profitable Candlestick Trading: Pinpointing Market Opportunities to Maximize Profits

Profitable Candlestick Trading was written to educate investors on how to use the Japanese Candlestick technique profitably. The easy-to-follow procedures detailed in this book provide the reader with profit-making techniques that can be learned quickly.

Introduction:

Japanese Candlestick analysis is a highly effective, but under-used investment decision-making technique. Most people in the United States’ investment community are aware of Candlestick analysis, but few understand how or why it actually works. Candlestick charts reveal many insights using wellrecognized Japanese candlestick formations, yet few people understand the ramifications or significance of the signals that are clearly and reliably displayed.

Most readers will be surprised at how the knowledge gained from a close reading of this book dramatically enhances investment abilities across all investment vehicles and over all trading timeframes. More than 400 years of refined reversal-identification and trend continuity projection is now at the reader’s disposal. Mastering the candlestick methodology will be the next major step for maximizing investment returns.

Japanese Candlestick signals possess one major attribute that is not present in other technical systems: The signals are created by the change in investor sentiment. This point is the crux of the success of Candlestick analysis. Again, to emphasize the importance of what you have just read: The signals are created by the change in investor sentiment. Understanding this truism will make it easier to acclimate your investment psychology to this successful trading discipline.

The secrets of the effectiveness of the signals can be learned in a fast and easy process. An investor does not need to be knowledgeable about technical charting to take immediate advantage of the signals. The graphical formation of a signal makes reversals immediately visible. A Candlestick formation provides a visual graphic of investor psychology during a specific time period. For the purpose of illustration in this book, the standard timeframe is one day, and the trading entity is stock—equity as opposed to commodity.

Investment strategies can be structured, of course, for whatever time period is suited for your trading style: minute-to-minute or monthly.
Applicable trading instruments include any vehicle that has the key elements of investor fear and greed.

Contents:

• The Reversal Patterns
• Continuation Patterns
• Major Signals Explained
• Finding and Learning the Signals Made Easy
• Common Patterns
• Revolutionizing Investor Psychology
• Analyzing Profitable Trades
• Maximizing Profits
• Trading Programs
• Using Candlesticks to Improve Elliot Wave Analysis
• Option Trading Refined
• Candlesticks with Commodities and Futures
• The Ultimate Investment Program
• Candlestick Trading Rules

Profitable Candlestick Trading By Stephen W. Bigalow pdf